Industry Calls for Urgent Evolution of the DLT Pilot Regime
- Julija Mačiulskė
- Apr 21
- 2 min read
A growing coalition of market participants has formally called on EU policymakers to strengthen and future-proof the DLT Pilot Regime, signaling clear industry commitment to making Europe’s DLT framework work in practice.
In a joint letter addressed to the Presidency of the European Council, Members of the Council, and the Chair and Members of the European Parliament’s ECON Committee, a group companies has outlined targeted improvements to unlock the regime’s full potential.
From DLT pilot to scalable market infrastructure
The message is straightforward: the current framework is a strong starting point, but its limitations are now holding back practical adoption.
The key proposals put forward:
Removal of restrictions on eligible asset classes.
Increase of overall volume thresholds to €100–150 billion.
Deletion of per-instrument limits.
Removal of the time limitation on licences.
Immediate applicability upon entry into force.
Taken together, these changes would effectively align the scope of a DLT trading and settlement system with MiFID II, enabling support for a full spectrum of financial instruments without artificial constraints.
Just as importantly, they would transform the regime from a temporary experiment into a permanent, scalable regulatory foundation for digital capital markets.
Why this matters now?
Delays in adapting the DLTPR risk slowing down Europe’s progress at a moment when global momentum is accelerating. Other jurisdictions are moving decisively to bring capital markets infrastructure on chain, backed by both regulators and major financial institutions.
If Europe does not act swiftly, it risks falling behind in a space where early standard-setting will shape long-term market structure.
Europe’s opportunity
The DLTPR has already positioned the EU as a forward-looking jurisdiction for tokenised finance. With targeted adjustments, it can go further enabling efficient, integrated trading and settlement systems that bridge traditional and digital infrastructures.
The opportunity is still Europe’s to take. But it will require timely action.
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